INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
Question
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What is an example of an activity for a business person who is entering the harvesting stage of entrepreneurship?
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Considering opening a second store.
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Developing a business plan.
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Conducting market research.
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Finding a location
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Explanation:
Detailed explanation-1: -Any type of business starts with an Idea. So the first step of entrepreneurial firm is seed stage means having a business idea. The second step follows with the establishment of a start up business with the idea generated in the first step. Every business has an early stage which becomes the third stage.
Detailed explanation-2: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019
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